Apple Testing AI Search Tools for Safari, Executive Tells Antitrust Trial
Apple‘s (Nasdaq: AAPL) senior services executive testified on Wednesday that the company is considering multiple AI-powered alternatives for Safari web searches, potentially threatening the multibillion-dollar arrangement that has long made Google the browser’s default search provider. Eddy Cue, speaking during a federal antitrust trial against Google parent Alphabet Inc. (Nasdaq: GOOG), told the court that […]
Western Australia Backs Critical Minerals Trading Hub
Western Australia’s government is collaborating with two universities to develop a Perth-based trading hub for critical minerals, addressing market transparency concerns and aiming to boost local producers’ revenues. The research project, known as Perth Critical Minerals Exchange (PCMX), has secured A$2 million in funding, with the state’s Minerals Research Institute contributing A$500,000. The West Australian […]
Ontario Begins Construction of First G7 Small Modular Reactor
The Ontario government has approved Ontario Power Generation‘s plan to begin construction on the first small modular reactor at the Darlington nuclear site, marking a significant milestone for nuclear energy development within the G7 nations. The project will see four SMRs built at the Darlington site, with the first unit expected to generate 1,200 megawatts […]
Global Human Development Progress Hits Record Low, UN Data Shows
The latest United Nations Human Development Index (HDI) report reveals a troubling global divide, with wealthy nations rebounding from pandemic setbacks while developing countries fall further behind. According to data released on May 6, 2025, the gap between the highest and lowest-ranked countries has expanded for four consecutive years. Achim Steiner of the United Nations […]
Sponsored · Selkirk Copper Mines
Is Trump Really Going to Tax the Rich?
Or to put it more accurately: bring back the rate that existed before his 2017 tax cuts.
OCC Lets Banks Hold Bitcoin—The System It Was Supposed to Replace
In what seems like an ironic turn of events, the US Office of the Comptroller of the Currency (OCC) recently issued an interpretative letter officially allowing national banks and federal savings associations to offer cryptocurrency custody and execution services. This updated letter confirms and expands the positions established in earlier OCC guidance, and explicitly permits […]
X Complies with India’s Order to Block Thousands of Pakistani Accounts
India has ordered social media platform X to block more than 8,000 accounts, a measure the company is implementing despite expressing concerns about its implications for free speech. The platform acknowledged Thursday it had begun restricting access to the specified accounts within India’s borders. In a public statement, X said complying with the directive was […]
Celsius Founder Sentenced to 12 Years for Fraud
Alex Mashinsky, founder and former CEO of crypto lending firm Celsius, has been sentenced to 12 years in prison for fraud that resulted in billions of dollars in customer losses, the Department of Justice said on Thursday. Mashinsky pleaded guilty last December to one count of securities fraud and one count of commodities fraud related […]
Sponsored · Mercado Minerals Ltd.
Lundin Gold Triples Net Income in Q1, Launches New Variable Dividend
Lundin Gold (TSX: LUG) reported its first quarter 2025 financials, with net income of $153.5 million—nearly tripling year-on-year from $41.9 million. This resulted from the company’s 57% jump in revenue to $356.3 million from $226.7 million in Q1 2024, powered by a steep rise in realized gold prices to $3,081 per ounce—up 44% from $2,141 […]
Franco-Nevada’s Record Revenue In Q1 2025 Overshadowed By Cash Flow Plunge
Franco-Nevada (TSX: FNV) reported its Q1 2025 results, with total revenue surging 43% YoY to $368.4 million, buoyed by elevated gold prices and new production streams. The financials reflect higher cost of sales, which rose 16% year-over-year to $106.9 million, including $68.4 million in depletion and depreciation. Other operating expenses nearly doubled to $8.0 million, […]